AKVA group Full Year 2024 Earnings: EPS: kr3.09 (vs kr0.49 loss in FY 2023)

AKVA group (OB:AKVA) Full Year 2024 Results

Key Financial Results

• Revenue: kr3.60b (up 5.2% from FY 2023).
• Net income: kr112.5m (up from kr17.8m loss in FY 2023).
• Profit margin: 3.1% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
• EPS: kr3.09 (up from kr0.49 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

AKVA group Earnings Insights

The primary driver behind last 12 months revenue was the Sea Based Technology segment contributing a total revenue of kr2.77b (77% of total revenue). Notably, cost of sales worth kr1.94b amounted to 54% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to kr968.3m (63% of total expenses). Explore how AKVA's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Norway.

Performance of the Norwegian Machinery industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for AKVA group that you should be aware of before investing here.

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